Dealing with Losses
Friday, August 10th, 2007What are you going to do now?
This morning I woke up to the news that in the US the Dow had fallen 2.8% (387 points) overnight, along with falls in other markets. The ASX XJO, the Australian top 200 index has lost 3.7% today in a 229 point fall.
Having been a member of a private forum that focussed on put credit spreads, I know there are going to be many traders that will have found the last two weeks of trading particularly stressful.
The posts I dreaded reading from members of that forum time and time again after falls like this can be paraphrased in five words; “What should I do now?”




